SquaredFinancial Vs. iFOREX Europe - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 69.9% of retail CFD accounts lose money.	Visit 89.13% of retail CFD accounts lose money.
Overview
SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.	iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.
Best For
Professional high volume traders looking to exploit their competitive commissions in shares High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips	Beginner traders with little to no experience looking to test a simple platform
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FSAS (Seychelles)	CySec (Cyprus)
The Good
Extensive asset offering (more than 10,000+ products) Real stocks are offered along with CFDs Very competitive share trading commissions when compared to similar brokers	Extremely simple platform designed for beginners with little needs
The Bad
Platform offering is limited to only MT4 and MT5 High minimum deposit for SquaredElite account (5,000 €)	High spreads on all of their instruments Web and mobile platforms are slow and lack tools Their FAQ database doesn’t effectively answer the most common questions any trader could have
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2005	2018
💳 Minimum Deposit Range
250 € (SquaredPro Account), 5,000 € SquaredElite Account	$200
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill Instatransfer	Bank Transfer Credit Card Debit Card
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR.	1 - EUR
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, IR, SY.	US, CA, SY, IR, JP.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
17,101	584
Exchange Access
0	0
📙 Real Stocks
8,000	0
📙 Stock CFDs
8,000	400
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
40	50
📗 Commodities
0	0
📗 Commodities CFDs
5	19
📕 Indices
0	0
📕 Indices CFDs
15	32
📔 ETFs
0	0
📔 ETFs CFDs
1,000	42
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
25	41
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
16	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	$2,500 in trade value
📉 Minimum ETFs Trade Size
1 ETF	$2,500 in trade value
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	$2,500 in trade value
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$2,500 in trade value
📈 Minimum Commodities Trade Size
Varies per Commodity (Eg: 1 Gold Contract)	$2,500 in trade value
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Varies per future (Eg: 1 Contract)	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
None	iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	No for credit cards but yes for bank wires (up to $20).
💰 Commissions
Yes, depending on account type or assets. For account types: SquaredPro account has no default commissions SquaredElite account has a commission of $5 per lot For particular assets there are commissions on all accounts, specifically in shares as follows: USA shares have a $0.06 per share commission (with a minimum of $2) European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)	None
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips	Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 150 Pips	Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 110 Pips	Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - From $3
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Dynamic - From 30 Pips
📉 BTC
Dynamic - From $250	Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	Yes
📡 Webinars
No	Yes